Alterna Tax Asset Group plans to issue $101 million of securities backed by property tax lien certificates from municipalities within the states of Florida, Illinois, Maryland, New Jersey and New York.
For its third securitization, SolarCity plans to issue $201 million of securities backed by solar assets.
The CNY699 million ($113 million) of class A notes were sold with a fixed interest rate of 4.80% and the CNY44 million of class B notes were sold with a fixed interest rate of 8.08%.
The single issue of class A notes to be issued from the GE Dealer Floorplan Master Note Trust have a weighted average life of 2.99 years; they yield 38 basis points over one-month Libor.
Moodys Investor Service has assigned preliminary rating to the deal, JGWPT XXXII, Series 2014-2. The capital structure will offer $196.8 million of class A notes, rated Aaa; and $24.6 million of class B notes rated Baa2.
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
Securitization of very large commercial mortgages is picking up again, and so is the leverage in some of these deals.Current Issue